Bank Of America Corp Stock as Big Money Enter, Sentiment at 1.19

May 16, 2018 - By Richard Doty

Bank of America Corporation (NYSE:BAC) Corporate Logo

Bank Of America Corp’s Sentiment

“Big money sentiment for Bank Of America Corp (NYSE:BAC) in Q4 2017 increased to 1.19, SEC filings reveal. So its up 0.15, from 2017Q3’s 1.04. 747 active investment managers started new and increased holdings, while 627 trimmed and sold stakes in Bank Of America Corp so the sentiment has improved. Funds own 6.85 billion shares, down from 6.91 billion shares in 2017Q3. Funds holding Bank Of America Corp in top 10 changed to 233 from 202 for an increase of 31. 66 Investors Sold All; 561 Reduced Holdings; 585 increased stakes while 162 active investment managers bought stakes.

Most Bank Of America Corp Shareholders

As of Q4 2017 Daily Journal Corp has 39.31% invested in Bank Of America Corp. Bank Of America Corp’s shareholder Toscafund Asset Management Llp owns 1.35 million shares as of Q4 2017. Theleme Partners Llp reported 13.32 million shares. The New York-based fund Salzhauer Michael have invested about 17.67% of the active investment manager’s stock portfolio in Bank Of America Corp. The Bahamas-based fund First Trust Bank Ltd. looks positive on Bank Of America Corp, possessing 210,721 shares.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide.The firm is valued at $315.03 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets.19.93 is the P/E ratio. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans.

The stock decreased 0.48% or $0.15 during the last trading session, reaching $31.07.Currently Bank of America Corporation is uptrending after 28.18% change in last May 16, 2017. BAC has also 35.58M shares volume. The stock outperformed the S&P500 by 16.63%.

On July, 17 WallStreet expected Bank of America Corporation (NYSE:BAC)’s earnings report, Faxor reports. Analysts forecast $0.64 EPS. That’s $0.18 up or 39.13 % from 2017’s earnings of $0.46. If EPS of $0.64 is published the profit of BAC could be $6.49B giving it 12.14 P/E. 3.23 % EPS growth is what Wall Street’s predicts after $0.62 reported EPS previous quarter.

Shapiro Capital Management Ltd Liability invested 3.44% in Bank of America Corporation (NYSE:BAC). Shoker Inv Counsel Inc holds 17,017 shs or 0.36% of its capital. Jefferies Grp Limited Liability stated it has 0% of its capital in Bank of America Corporation (NYSE:BAC). Woodmont Counsel Ltd Company owns 18,281 shs. Sfmg Ltd holds 0.04% or 8,008 shs. Private Wealth Advsrs Inc invested in 0.61% or 53,644 shs. Deroy And Devereaux Private Inv Counsel reported 19,316 shs stake. Moreover, Geode Capital Limited Liability Corp has 1.04% invested in Bank of America Corporation (NYSE:BAC) for 103.49M shs. Atwood & Palmer reported 16,324 shs. High Pointe Capital Management Ltd Limited Liability Company accumulated 88,200 shs. Compton Cap Ri has invested 1.26% in Bank of America Corporation (NYSE:BAC). Summit Financial Wealth Advsrs Ltd Liability Com holds 0.19% or 19,070 shs in its capital. Heritage Wealth has invested 0.41% of its capital in Bank of America Corporation (NYSE:BAC). Northstar Grp Inc owns 12,009 shs for 0.28% of their capital. Natixis reported 6.56M shs.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

Total analysts of 16 have positions in Bank of America (NYSE:BAC) as follows: 11 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 69%. Since December 5, 2017 according to StockzIntelligence Inc Bank of America has 20 analyst reports. On Friday, February 2 the stock of Bank of America Corporation (NYSE:BAC) has “Overweight” rating given by Morgan Stanley. On Tuesday, January 9 the stock of Bank of America Corporation (NYSE:BAC) has “Hold” rating given by Societe Generale. On Tuesday, January 2 the rating was maintained by Robert W. Baird with “Hold”. On Monday, April 16 the firm has “Buy” rating given by Nomura. On Monday, April 16 the company was initiated by Vining Sparks. The stock rating was maintained by Raymond James with “Buy” on Tuesday, December 5. In Friday, January 19 report Sandler O’Neill maintained the stock with “Buy” rating. The company rating was maintained by Wells Fargo on Wednesday, December 20. The company rating was maintained by Jefferies on Monday, April 16. On Tuesday, April 17 the firm has “Equal-Weight” rating by Barclays Capital given.

For more Bank of America Corporation (NYSE:BAC) news announced briefly go to: Nasdaq.com, Bizjournals.com, Themiddlemarket.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “A Vicious Debt Cycle Could Send Interest Rates Much Higher” announced on May 16, 2018, “Five real estate teams selected to submit plan for two-block North Tryon project” on May 16, 2018, “M&A daily wrap: NFL’s Carolina Panthers, Cam Newton, David Tepper, Appaloosa, Brynwood, Chicago Pacific Founders” with a publish date: May 16, 2018, “Bank Of America: Into The Home Straight?” and the last “Bank Of America: Tread Carefully” with publication date: April 17, 2018.

Bank of America Corporation (NYSE:BAC) Institutional Investors Chart

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